Massachusetts Trust

A business arrangement that is used in place of a corporation or partnership? in which trustees hold title to property for the advantage of beneficiaries for investment purposes.
A Massachusetts trust is another name for a common law trust or a Business Trust, which offers its beneficiaries limited financial liability in transactions in which it engages. (West's Encyclopedia of American Law, edition 2. Copyright 2008 The Gale Group, Inc. All rights reserved.)
Massachusetts Trust n. a business in which the investors give management authority to a trustee, and receive "trust certificates" representing their investments. Since they own only the certificates and do not participate in management, the investors can only lose their investment and are not personally liable for any debts of the trust. This is similar to a "limited partnership?." A Massachusetts Trust is strictly a business entity and bears no relationship to a personal trust like living and testamentary trusts set up to manage and protect the assets of individuals and provide for eventual distribution. (Copyright © 1981-2005 by Gerald N. Hill and Kathleen T. Hill. All Right reserved.)

See Also

---

Business Trust
Business Trust Organization
Common Law Trust
Massachusetts Trust
Pure Trust
Unincorporated Business Organization Trust

Maybe its Time for an Unincorporated Business Trust
Why You Will Need a Trust
UBOT - Table of Contents	List of Forms Supplied with this UBOT
Questions and Answers	Terms and Definitions
History and Operation of Trusts	Court Citations concerning trusts
UBOT Community Forum	Affiliate Program Page
Testimonials	In court? Need assistance? Jurisdictionary
Additional Information on Trusts

Purchase the UBOTrust

Site Map

UBOT Home Page

Contact Us

---